Infineon Technologies (IFNNF) to Release Earnings on Wednesday

Infineon Technologies (OTCMKTS:IFNNF) is anticipated to post its results before the market opens on Wednesday, May 6th. Analysts expect Infineon Technologies to post earnings of $0.4342 per share and revenue of $4.4082 billion for the quarter.

Infineon Technologies Stock Performance

IFNNF opened at $67.94 on Monday. Infineon Technologies has a 1-year low of $32.15 and a 1-year high of $68.45. The stock’s 50 day simple moving average is $50.86 and its 200 day simple moving average is $46.48.

Institutional Trading of Infineon Technologies

An institutional investor recently bought a new position in Infineon Technologies stock. Essex Investment Management Co. LLC purchased a new stake in shares of Infineon Technologies AG (OTCMKTS:IFNNF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 45,129 shares of the company’s stock, valued at approximately $2,000,000. Institutional investors own 44.76% of the company’s stock.

Infineon Technologies Company Profile

Infineon Technologies AG is a Germany-based semiconductor manufacturer specializing in the design, development and production of a broad range of semiconductor and system solutions. Established in 1999 as a spin-off from Siemens AG, the company is headquartered in Neubiberg, Germany, and has built a global reputation for its expertise in power semiconductors, microcontrollers and security controllers.

The company’s core business activities are organized around three key segments: Automotive, Industrial Power Control and Power & Sensor Systems.